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- North America Lighting Market – Growth & Forecast (2024 – 2032)
Lighting today became more essential, and advancements in lighting technology have made the lighting market more expandable. These are environment-friendly and energy-saving solutions. Rising awareness of green technology is leading to the launch of environmentally friendly lights, and new features such as colour tuning and control over the cloud are pushing the consumers to adopt these products.
North America Lighting Market Size & Growth:
North America Lighting Market size is projected to reach $XX Million by the end of 2024 with a CAGR of XX% during the forecast period. Key Parameters promoting the market growth include LED Lighting in various unique and speciality applications, LED continues to be the future of lighting, increase in sales of vehicles driving the automotive lights. In Automobiles, light is one of the major components, and the growth of the automotive industry will significantly increase the growth of the lighting market. LEDs are the most commonly used lighting types for automotive lighting, and these LEDs are mainly preferred in premium and standard headlamps. These headlamp units are the most expensive units in an automobile.
This Lighting Market has several opportunities that will propel the market growth during the forecast period such as ensuring safety options is an added requirement in automotive lights today, Increase in the demand for energy-efficient lighting options like solar lighting, Laser Lights- a developing headlight technology, connected lighting for homes and offices, giving way to new opportunities.
The lighting industry has started to adopt light-emitting diodes since past five years, and this shift has brought many new opportunities that would not have been possible using traditional lighting technology. From the recent studies, smart lighting systems will continue to enable IoT applications because the prevalence of sensors and connectivity increases in lighting systems and holistic lighting solutions will be designed for the explicit purpose of analyzing, utilizing, collecting the data gathered by the lighting systems in order to gain productivity within the spaces where the holistic solutions are used.
Due to increasing demand for electricity will be one of the major factors which will propel the market growth since the governments of several countries will start promoting the replacement of traditional lighting such as incandescent bulbs with the energy-efficient lighting like LED lamps.
North America Lighting Market Share:
North America Lighting Market is classified by Type, by Technology, by Application, by Industry Vertical by geography. By Type, the North America Lighting Market is classified as Electrically powered lighting, solar-powered lighting.
By Technology, these are classified as CFL lamps, fluorescent lamps, halogen lamps, high-intensity discharge lamps, light emitting diode lighting, organic led lamps, traditional lighting. Among these, LED light is accounted for the largest market share and is witnessed to have stunning growth during the forecast period due to the longer lifetime and higher payback period, and increasing adoption of organic light emitting diode by smartphone manufacturers.
By Applications, these are classified as general lighting, automotive lighting, backlighting. Among these, general lighting accounted for the largest market share and is expected to dominate the market due to the fewer maintenance costs, increased adoption of connected lighting among the developed countries, that enables individuals to control every light fixture through smartphones which leads to the adoption of LED lights, and reduced consumption of consumption will increase the preference of consumers towards LED lights. By Industry Vertical, these are classified as automotive, retail, corporate, hospitality, agricultural, marine & aerospace, government, and healthcare.
North America accounted for the largest revenue contributor through the region witnesses a significant reduction in its revenue share during the forecast period due to the presence of the wealthiest economies such as US and Canada, strong infrastructure of the developed economies in the region, and the introduction of social policies and programs such as the united states lighting energy policy which propels the market growth in this region.
North America Lighting Market Trends:
- In OPPLE, a new lighting source product launch event-T5E2 Batten and through the introduction of new products constantly showed R & D capabilities and broad prospects of OPPLE.
- GE Lighting expands connected portfolio with new solutions like the partner ecosystem creates additional functionality and value to power homes where lighting is much more than light.
North America Lighting Market Research Reports:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- GE Lighting
- Eaton Corporation
- Lutron Electronics, Inc.
- Koninklijke Phillips
- OPPLE Lighting
- Panasonic Corporation
Along with these companies, there were many other companies considered/cited in the report while analysing the North America Lighting market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Increase in sales of vehicles driving the demand for automotive lights
4.1.2 LED lighting in various unique and specialty applications
4.1.3 LED continues to be the future of lighting
4.2 Restraints
4.2.1 Pollution caused by lights
4.2.2 Lack of awareness in the unorganized lighting sector
4.3 Opportunities
4.3.1 Increase in the demand for energy-efficient lighting options like solar lighting
4.3.2 Ensuring safety options is an added requirement in automotive lights today.
4.3.3 Connected lighting for homes and offices, giving way to new opportunities
4.3.4 Laser Lights- a developing headlight technology
4.4 Challenges
4.4.1 Raid changes and extensive requirements in LED lighting technology
4.4.2 Dynamic reshuffling of business activities to achieve operational efficiency
4.4.3 Replacement market affected by LED
Chapter 5 North America Lighting Market – By Type
5.1 Introduction
5.2 Electrically Powered Lighting
5.3 Solar Powered Lighting
Chapter 6 North America Lighting Market – By Technology
6.1 CFL Lamps
6.2 Fluorescent Lamps
6.3 Halogen Lamps
6.4 High-Intensity Discharge Lamps
6.5 Light Emitting Diode Lighting
6.6 Organic LED Lamps
6.7 Traditional Lighting
Chapter 7 North America Lighting Market – By Application
7.1 General Lighting
7.2 Automotive Lighting
7.3 Backlighting
Chapter 8 North America Lighting Market – By Industry Vertical
8.1 Automotive
8.2 Retail
8.3 Corporate
8.4 Hospitality
8.5 Agricultural
8.6 Marine & Aerospace
8.7 Government
8.8 Healthcare
Chapter 9 North America Lighting Market – By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
Chapter 10 North America Lighting Market – Company Profiles
10.1 GE Lighting
10.2 Eaton Corporation
10.3 Lutron Electronics, Inc.
10.4 Koninklijke Phillips
10.5 OPPLE Lighting
10.6 Panasonic Corporation
10.7 Osram Digital Lumens
10.8 HELLA
10.9 Cree, Inc.
10.10 Koito Manufacturing Co., Ltd.
10.11 Stanley Electric
10.12 Magneti Marelli
Chapter 11 North America Lighting Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
Regional Report
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Lighting today became more essential, and advancements in lighting technology have made the lighting market more expandable. These are environment-friendly and energy-saving solutions. Rising awareness of green technology is leading to the launch of environmentally friendly lights, and new features such as colour tuning and control over the cloud are pushing the consumers to adopt these products.
North America Lighting Market Size & Growth:
North America Lighting Market size is projected to reach $XX Million by the end of 2024 with a CAGR of XX% during the forecast period. Key Parameters promoting the market growth include LED Lighting in various unique and speciality applications, LED continues to be the future of lighting, increase in sales of vehicles driving the automotive lights. In Automobiles, light is one of the major components, and the growth of the automotive industry will significantly increase the growth of the lighting market. LEDs are the most commonly used lighting types for automotive lighting, and these LEDs are mainly preferred in premium and standard headlamps. These headlamp units are the most expensive units in an automobile.
This Lighting Market has several opportunities that will propel the market growth during the forecast period such as ensuring safety options is an added requirement in automotive lights today, Increase in the demand for energy-efficient lighting options like solar lighting, Laser Lights- a developing headlight technology, connected lighting for homes and offices, giving way to new opportunities.
The lighting industry has started to adopt light-emitting diodes since past five years, and this shift has brought many new opportunities that would not have been possible using traditional lighting technology. From the recent studies, smart lighting systems will continue to enable IoT applications because the prevalence of sensors and connectivity increases in lighting systems and holistic lighting solutions will be designed for the explicit purpose of analyzing, utilizing, collecting the data gathered by the lighting systems in order to gain productivity within the spaces where the holistic solutions are used.
Due to increasing demand for electricity will be one of the major factors which will propel the market growth since the governments of several countries will start promoting the replacement of traditional lighting such as incandescent bulbs with the energy-efficient lighting like LED lamps.
North America Lighting Market Share:
North America Lighting Market is classified by Type, by Technology, by Application, by Industry Vertical by geography. By Type, the North America Lighting Market is classified as Electrically powered lighting, solar-powered lighting.
By Technology, these are classified as CFL lamps, fluorescent lamps, halogen lamps, high-intensity discharge lamps, light emitting diode lighting, organic led lamps, traditional lighting. Among these, LED light is accounted for the largest market share and is witnessed to have stunning growth during the forecast period due to the longer lifetime and higher payback period, and increasing adoption of organic light emitting diode by smartphone manufacturers.
By Applications, these are classified as general lighting, automotive lighting, backlighting. Among these, general lighting accounted for the largest market share and is expected to dominate the market due to the fewer maintenance costs, increased adoption of connected lighting among the developed countries, that enables individuals to control every light fixture through smartphones which leads to the adoption of LED lights, and reduced consumption of consumption will increase the preference of consumers towards LED lights. By Industry Vertical, these are classified as automotive, retail, corporate, hospitality, agricultural, marine & aerospace, government, and healthcare.
North America accounted for the largest revenue contributor through the region witnesses a significant reduction in its revenue share during the forecast period due to the presence of the wealthiest economies such as US and Canada, strong infrastructure of the developed economies in the region, and the introduction of social policies and programs such as the united states lighting energy policy which propels the market growth in this region.
North America Lighting Market Trends:
- In OPPLE, a new lighting source product launch event-T5E2 Batten and through the introduction of new products constantly showed R & D capabilities and broad prospects of OPPLE.
- GE Lighting expands connected portfolio with new solutions like the partner ecosystem creates additional functionality and value to power homes where lighting is much more than light.
North America Lighting Market Research Reports:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- GE Lighting
- Eaton Corporation
- Lutron Electronics, Inc.
- Koninklijke Phillips
- OPPLE Lighting
- Panasonic Corporation
Along with these companies, there were many other companies considered/cited in the report while analysing the North America Lighting market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Increase in sales of vehicles driving the demand for automotive lights
4.1.2 LED lighting in various unique and specialty applications
4.1.3 LED continues to be the future of lighting
4.2 Restraints
4.2.1 Pollution caused by lights
4.2.2 Lack of awareness in the unorganized lighting sector
4.3 Opportunities
4.3.1 Increase in the demand for energy-efficient lighting options like solar lighting
4.3.2 Ensuring safety options is an added requirement in automotive lights today.
4.3.3 Connected lighting for homes and offices, giving way to new opportunities
4.3.4 Laser Lights- a developing headlight technology
4.4 Challenges
4.4.1 Raid changes and extensive requirements in LED lighting technology
4.4.2 Dynamic reshuffling of business activities to achieve operational efficiency
4.4.3 Replacement market affected by LED
Chapter 5 North America Lighting Market – By Type
5.1 Introduction
5.2 Electrically Powered Lighting
5.3 Solar Powered Lighting
Chapter 6 North America Lighting Market – By Technology
6.1 CFL Lamps
6.2 Fluorescent Lamps
6.3 Halogen Lamps
6.4 High-Intensity Discharge Lamps
6.5 Light Emitting Diode Lighting
6.6 Organic LED Lamps
6.7 Traditional Lighting
Chapter 7 North America Lighting Market – By Application
7.1 General Lighting
7.2 Automotive Lighting
7.3 Backlighting
Chapter 8 North America Lighting Market – By Industry Vertical
8.1 Automotive
8.2 Retail
8.3 Corporate
8.4 Hospitality
8.5 Agricultural
8.6 Marine & Aerospace
8.7 Government
8.8 Healthcare
Chapter 9 North America Lighting Market – By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
Chapter 10 North America Lighting Market – Company Profiles
10.1 GE Lighting
10.2 Eaton Corporation
10.3 Lutron Electronics, Inc.
10.4 Koninklijke Phillips
10.5 OPPLE Lighting
10.6 Panasonic Corporation
10.7 Osram Digital Lumens
10.8 HELLA
10.9 Cree, Inc.
10.10 Koito Manufacturing Co., Ltd.
10.11 Stanley Electric
10.12 Magneti Marelli
Chapter 11 North America Lighting Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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